The forecasted coconut oil domestic consumption in China for the years 2024 to 2028 shows a consistent upward trend. Starting at 207.0 thousand metric tons in 2024, the consumption is expected to rise steadily to 218.0 thousand metric tons by 2028. This indicates a year-on-year growth rate of approximately 1.45% from 2024 to 2025, 1.43% from 2025 to 2026, 0.94% from 2026 to 2027, and 1.40% from 2027 to 2028. Comparing to the actual consumption in 2023, which stood at 202.5 thousand metric tons, the Compound Annual Growth Rate (CAGR) for the five-year period is estimated to be around 1.47%.
Future trends to watch for include:
- Increasing demand for natural and organic products, potentially boosting coconut oil consumption.
- Growth in health awareness among consumers, driving the preference for healthier cooking oils.
- Possible fluctuations due to import policies and trade agreements impacting availability and pricing.